(Reuters) – EssilorLuxottica takes off on the stock market on Friday after reporting the day before a turnover up 11.7% at constant exchange rates in the third quarter, analysts welcoming the transformation of the Franco-Italian optical group and its growth dynamic.

Around 08:37 GMT, the stock rose 10.92% to 306.80 euros, after reaching a historic record by exceeding 300 euros per share at the start of the session.

“We’re seeing double,” said JP Morgan in reaction to the results, referring to the double-digit annual growth in quarterly turnover.

“With revenue and margin poised to accelerate, we believe EL (EssilorLuxottica) deserves a premium valuation with Meta as a major partner/shareholder,” according to Jefferies analysts.

During a conference on the results, the group’s management highlighted the good performance of activities in October, “with an acceleration of growth in the sunglasses and prescription lens activities”, said JP Morgan.

According to analysts, “these strong results indicate that the group is now at a turning point in its growth algorithm, with Ray-Ban Meta starting to contribute more significantly (over 4% in the third quarter) while the core business remains resilient (+5%), driven by continued innovation and consistent execution.”

Turnover for the quarter ended in September stood at 6.9 billion euros, compared to 6.4 billion euros a year ago.

According to Jefferies, EssilorLuxottica is “a leading structural player and consolidator in a constantly growing optical market, but also a leading innovator”.

The latest Ray-Ban Meta models, priced between $379 and $799 for a new flagship version with a built-in screen, are currently sold in a limited number of physical stores.

Expansion to Canada, France, Italy and Great Britain is planned for early 2026.

(Written by Mara Vîlcu, edited by Augustin Turpin)

Copyright © 2025 Thomson Reuters